Next Investors logo grey

Mozambi Resources continues to strike super jumbo

|

Published 11-JAN-2016 11:19 A.M.

|

2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.


Click Here to View Latest Articles

Mozambi Resources (ASX:MOZ) has continued its good form with further discoveries of what it says are exceptional super jumbo and jumbo flake graphite metallurgical results.

This comes on the back of an early December announcement explaining that the company had entered super jumbo territory after technical work on samples from its Namangale project confirmed the presence flake sizes of 0.5mm and 1mm.

Today’s announcement highlights outstanding distribution of up to 96.6% confirmed in categories of Super Jumbo, Jumbo and large flake mineralisation at Namangale 1, 2 and 3.

The results come from both the recently completed diamond and RC drilling campaigns.

Recently appointed Mozambi chairman, Stephen Hunt said of the results, “The distribution results confirming Super Jumbo and Jumbo flake graphite at deposits 1,2 and 3 are a tremendous validation of the excitement that the Board has for the Namangale project. These excellent flake size results combined with the consistent mineralisation grade are essential to maximising revenue and enabling the fast tracking of the project into production.

Flake size distribution results from graphite schist samples from Namangale 1, 2 and 3 show up to 37.9% Super Jumbo size of larger than 500μm and low proportions of amorphous graphite.

The 96.6% distribution was returned at Namangale 2.

Next Investors Image

The size of the graphite continues to impress those associated with the Namangale project.

More positive results

ALS Metallurgy have been carrying out Optical Microscopy examinations in Namangale 1 and found that they are comparable to previously announced results in Namangale 2 and 3.

The results of the examination found that graphite flakes in the larger size fraction were unliberated from the host rock. Graphite flakes in the 0.5mm to 1mm size fraction were mostly liberated and frequently contained large graphite flakes of up to 1000 microns in size. In the sub 0.5mm fraction the graphite flakes were well liberated and frequently contained graphite flakes between 450 microns and 800 microns.

The results indicate that mineralisation from this area has the potential to achieve excellent graphite concentration.

With positive results in hand, Mozambi Resources is now reviewing requests from potential offtake partners including end-user groups requesting sample product.

The Company is also in discussions with specialist organisations with regard to initiating a pre-feasibility study on the Namangale Projects.

Mozambi is now focused on completing its maiden JORC resource.

tags

GRAPHITE


General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.